MPAY.L Regulatory News (MPAY)

23 May 2007 07:00

Autoclenz Holdings PLC23 May 2007 Issued by Citigate Dewe Rogerson on behalf of Autoclenz Holdings Plc Date: Wednesday 23 May 2007 Embargoed: 7.00am Autoclenz Holdings Plc The UK's leading out-sourced car valeting and vehicle preparation provider Annual General Meeting At today's Annual General Meeting (23 May 2007), Chairman, John Bell will makethe following statement to shareholders: "As I indicated in my statement accompanying the 2006 financial statementsposted to shareholders last month, we operate in a highly competitivemarket-place. Against this background, the Group achieved a creditable result in2006 where, not only did we strengthen our brand profile, we focused onproviding a high quality service to all our customers. "As we move forward, we will continue to build on our current partnerships withour customers whilst also seeking out new opportunities where we can add-value. "I indicated in my 2006 Report that whilst we expect the market to remaincompetitive and challenging, the Board and operational teams throughout thebusiness remain focused on tight cost control whilst looking to further improveoperational efficiencies, which ultimately should be reflected in an improvementin returns. "Trading in the first four months of the 2007 financial year is in-line withmanagement expectations. We continue to have a number of interestingopportunities across the business which will play a key role in assisting us togrow further and maintain our market-leading position. "As part of the Group's Investor relations activities, the Directors haveidentified a number of opportunities to present the business not only toinstitutional investors but to private investors, either via its Private ClientBroker Roadshow programme or as part of investor conferences. We recentlypresented to the UK Shareholders Association (UKSA) Conference and next month,the Group will be taking part in the Growth Company Investor Show being held atThe Barbican Exhibition Halls on 13 June." Enquiries: Grahame Rummery, Chief ExecutiveTrevor Clingo, Group Finance Director Fiona Tooley, Director Julian BluntAutoclenz Holdings Plc Citigate Dewe Rogerson KBC Peel HuntTelephone: 08707 510 410 Telephone: 0121 455 8370 Telephone: 020 7418 8900www.autoclenz.co.uk Mobile: 07785 703523 This information is provided by RNS The company news service from the London Stock Exchange